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Cours Or & Argent

Man the Lifeboats

IMG Auteur
Publié le 01 septembre 2011
301 mots - Temps de lecture : 0 - 1 minutes
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SUIVRE : Precious Metals

 

 

 

 


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Those who've read my books know that I am a long-term fan of gold and other precious metals. Nonetheless, I am a trader and a contrarian at heart, and it always makes me nervous when, to paraphrase Jim Rogers, everybody seems to be on one side of the boat. Right now, the list of those who are positive on the sector looks to be growing by the day hour, including:


  1. Wall Street analysts (their pitiful track record as a group speaks for itself)



  1. Small investors (including a gaggle of late-to-the-party newbies looking to join the rush



  1. Central banks (a group which has largely been avoiding the metal for years)



  1. The media (a number of which are rushing out special reports on gold investing)



  1. Overseas investors (including the Chinese, who tend to be trend followers rather than trendsetters)



With all those bulls around, I'm wondering who is left to buy (in the short run, at least).


Man the lifeboats?


Michael J. Panzner 

 

 

 

 

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Who's left to buy...you?
Right on, onesimus. Being originally from Long Island myself, I must agree with you.

But, even on the West Coast, people are brainwashed by the banks/Fed/Keynesian economists, but I repeat myself. I still hear about "the barbaric relic," that gold is "in a bubble," that it will soon fall hard (I've been hearing that for a decade), a "recovery" is underway, balanced portfolios include bonds, inflation is only 2%, "you can't eat gold" (but evidently CAN eat Federal Reserve notes), unemployment is only 9%, I'm a tin-foil hat conspiracy theorist, yada, yada, .....
i agree with GM, their is not one person who i have heard talking about investing who said a word about gold or silver and i work for people in their houses here in long island the epicenter of know it alls with their heads up their arse. I know better than to speak but when i do which is very rare they look at me as some kind of ignorant fool. So how can it be a bubble if no one is buying?
All true, but in spite of all the talk, what percentage of people have actually bought physical gold or legitimate, fully gold-backed ETF's -- and what percentage of their portfolios are allocated to such investments?

It's still tiny. The short supply of gold and inability to get much more will push the price way up before this is over. The big danger will be "paper gold," sold fraudulently at many times the available supply of physical gold backing it. Fortunes may be lost over that.
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Who's left to buy...you? Lire la suite
Daniel S. - 06/09/2011 à 12:01 GMT
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